In this week’s Hidden Wealth Review, I teach about the recent Fox Business article entitled, “Four common Mistakes in Retirement Planning.” In retirement planning, it’s important to have the right eggs in the right baskets, for the right purposes. What should drive these decisions is what’s best for the client’s specific situation, not what the home office has told the planner to offer the clients.

The article focuses on the main mistakes Baby Boomers make for retirement. It discusses that many Boomers are realizing there’s more to retirement planning today than ever before. The first common mistake people make is that they often take more risk. However, as they approach retirement, Boomers should phase-out investments that are subject to wider fluctuations.

At The Hidden Wealth Solution, we teach you how you can enjoy market upside without suffering the devastating results of the market’s downside. In this way, when the market gains, you gain. You lock-in those gains, never to give them back to the market. With a possible trade war looming, now’s the time to “anchor down” the amount of money you need to ensure your retirement lifestyle will not be impacted by a major market correction or crash.

The second common retirement planning mistake is leaving your nest egg vulnerable to big market drops. Putting your entire nest egg in one basket could be disastrous. You could suffer a loss from which you will not have time to recover. Let me ask you a question, if another 2008 type of loss happened today, would your retirement survive?

The third common mistake is not satisfying basic income needs. Social Security and withdrawals from 401(k)s will not be enough to get it done. The average projected monthly IRA income is about $600. With the uncertainty of fees, taxes and market exposure, that $600 could go away in a hurry. Social Security, which makes up, on average, 40% of a Baby Boomer’s retirement income, is already predicted to experience a 21% to 25% drop in benefits. Again, it is key to insulate the amount of money you need to secure your retirement lifestyle.

The final common mistake is having the wrong kind of annuity. Many people use fixed annuities to secure their retirement. In last week’s Hidden Wealth Review, I used the acronym TAG to explain the difference between annuities and the tax-free, lifetime protected income strategy we teach at The Hidden Wealth Solution. TAG stands for:

Taxes – All annuities are taxed, except for Roth IRAs, which are created from money that was taxed before it went into the IRA. 

Access – You need your money when you need it. With an annuity, you can be locked out of your money for as much as 10 years.

Growth – The growth performance of fixed indexed annuities is limited. Many of them do not even keep pace with Inflation.

This coming Tuesday, I’ll be teaching my Retirement Protection Webinar. This no-cost, no-obligation educational event will teach you an introduction to a strategy that allows you to grow your money without tax, access your money without tax and has a growth performance that’s average over 8% annually! I will teach you how to get the IRS out of your IRA, eliminate the worry of market loss risk and create a secure income that will outlive you.  

Don’t be like the client who recently told me that her only complaint about Chuck Oliver, financial advisor is that she didn’t take the time to investigate these predictable, proven strategies with a track record of measurable results. She truly wishes that she had done so sooner.

To register, go to, enter the required information and submit your registration. Once you’ve registered, you’ll receive an email containing a personal link to join Tuesday’s event.

There is no cost and no obligation for this webinar. I encourage you to register now because these events fill quickly. Just for registering and attending, I will gift you an e-copy of my book, The Baby Boomer Retirement Breakthrough-The Unfair Advantage to a Safe and Secure Retirement.

NOTE: This is a log-on and learn webinar, not a live workshop. You will need a laptop or PC to join. It is strongly suggested that you NOT use an iPad or hand held device for this event. Our proven retirement and financial solutions are best for; people positioning themselves for retirement or who want to navigate better to or through their retirement. People who have saved $200,000 or more for retirement. People who are wanting to determine if they are maximizing and optimizing their retirement planning. Boomers who want to pay the least amount of taxes on income, reduce or eliminate tax on their Social Security and create a sustainable, increasing, lifetime income for both spouses.

-Spouses are encouraged to attend this event together-

Or Call

(855) No Tax 2 U

(855) 668-2928

Here’s to your Hidden Wealth,

Chuck Oliver
Best-Selling Author